Middle Finger Research Institute: The June Real Estate Market Mid-Year Sprint is Here, High-Quality Supply is Key

According to the Wise Finance and Economics APP, China Real Estate Research Institute stated in a document that in May, the land market in core cities maintained a certain level of heat, but there was a slight weakening trend at the margin. The year-on-year increase in the land transfer fees for residential land in the 300 cities narrowed. High-quality land parcels in cities such as Hangzhou, Beijing, Shanghai, and Chengdu continued to sell at high premiums. Overall sales of new homes in key cities increased compared to the previous month, while basically remaining the same compared to the previous year. Market differentiation is not only reflected between cities, but also within the same city, with significant differences in the sales of different projects. Core city "new regulation" projects can achieve good sales upon opening, but old projects in suburban areas and low-level city projects generally face pressure. Whether high-quality new projects can enter the market has become an important factor influencing short-term city sales and property sales. After the release of educational demand, the transaction volume of second-hand homes in key cities showed a seasonal decline compared to the previous month, with a narrowing of the year-on-year increase, and "trading at a lower price" remains the mainstream in the market.